Connect with us


A ponzi scheme run by Boris CEO of intelligence Prime Capital has been found out about



On Intelligence Prime Capital’s web site, there isn’t any point out of the corporate’s homeowners or administration. IPC Commerce and IPCapital are different firm names for Intelligence Prime Capital.

On June eighth, 2021, a website identify for Intelligence Prime Capital (“”) was registered with false info. Intelligence Prime Capital launched a video entitled “Meet the CMO of IPCapital” on YouTube shortly after the corporate’s institution. Intelligence Prime Capital’s Chief Advertising Officer, “Dr. Val Ng Sh,” seems within the video. Val Ng See Huat’s LinkedIn profile is the one place you’ll find Val Ng outdoors of Intelligence Prime Capital’s advertising movies.

Ng is alleged to be based mostly in Singapore, nonetheless his LinkedIn profile might have been arrange by Intelligence Prime Capital advertising. Movies produced by Ng’s Intelligence Prime Capital depict Boris CEO situations. Desk equipment, mugs, and flags for the corporate are all included within the rental. Ng is wearing a dinner go well with with a bow tie for no matter cause. That is loads to ask for. It’s talked about within the presentation of Intelligence Prime Capital’s different recognized government: Irrespective of what number of years of expertise he claims to have. Stefan does not exist outdoors of IPCapital advertising. It’s because Walter Stefan, like Val Ng, is portrayed by an actor.

When he was on the European Central Financial institution (ECB), he served as Vice President in control of the financial institution’s coverage and cooperation initiatives. The European Central Financial institution (ECB) employs or had employed a Stefan Walter. Walter Stefan, the CEO of Intelligence Prime Capital, is an actor. When names are westernized, it is common observe in Asia to reverse them. I believe that is what induced the identify order confusion. As well as, the official PDF information for Intelligence Prime Capital have been generated by “Vincent Yau” across the time of the corporate’s debut. For Intelligence Prime Capital, I could not uncover any further details about this particular person.

A number of months in the past, Intelligence Prime Capital appeared on the Web and claimed to have been “main the best way in on-line buying and selling for 15 years”. In keeping with Alexa, Nigeria (21 %), the US (21 %) and Mexico (21 %) are the highest three nations that go to Intelligence Prime Capital’s web site (17 %). It was up to date on December twenty seventh, 2021.

Russia’s Central Financial institution issued a warning on Intelligence Prime Capital securities rip-off Do not be part of or ship over cash to an MLM firm till it is clear who’s in cost and who controls the corporate.

Merchandise from IPCapital At the moment, doesn’t provide any services or products that may be resold. It isn’t doable for associates to advertise something aside from IPCapital’s affiliate membership program itself. Data on IPCapital’s Compensation Plan Investing in a “AIA Bot” requires a minimal of $100 from Prime Capital associates. A month-to-month subscription is required to make use of the bot: With Good Bot, you could make as much as 15% a month by paying $19.90 a month. Pay $39.90 a month and you may earn as much as 30% a month with the Good Bot. As a month-to-month charge, you can also make as much as 45% a month with the Genius Bot, which prices $99.90. Intelligence Prime Capital solely accepts bitcoin or tether; therefore the above quantities are in USD. It prices Intelligence Prime Capital 20% of any earnings made.

Associates are solely allowed to withdraw funds from Intelligence Prime Capital on weekends. Intelligence Prime Capital’s MLM division pays commissions for bringing in new affiliate buyers. IPCapital’s Affiliate Program is ranked extremely.

In keeping with Intelligence Prime Capital’s incentive construction, there are seven affiliate ranges to select from. The next are the necessities for every of them: Make investments $100 and you can individually entice $500 in further funding quantity as a pacesetter. Supervisor – make investments $500, personally recruit $1000 in funding quantity, and generate $3000 in whole downline quantity with a $500 funding. Supervisor One thousand {dollars} is invested, three thousand {dollars} is personally recruited, and ten thousand {dollars} is generated in whole downline by the senior supervisor. Straight recruited funding quantity of $5000 and whole downline quantity of $30,000 is generated by a Division Supervisor who invests $3,000. Regional Supervisor – invests $5,000, generates $10,000 in personally recruited funding quantity, and generates $100,000 in whole downline funding quantity. Regional Supervisor an funding of $10,000 by the Managing Director will end in a private funding quantity of $30,000. This will likely be adopted by a downline funding quantity of $300,000. shareholder director: make investments $20,000, herald $100,000 in funding quantity from family and friends, plus an extra $1,000,000 from their community of contacts Buyers who’ve been recruited by means of word-of-mouth are thought-about to have the next quantity of personally recruited funding quantity than those that haven’t.

Complete downline quantity is the sum of all your downline members’ investments (instantly and not directly recruited associates). Recruiting Boards’ Data Associates of Prime Capital earn 10% of all membership charges and investments made by their very own associates. Commissions that Stay an unilevel compensation scheme is utilized by Intelligence Prime Capital to pay residual commissions.

Utilizing a unilevel pay construction, an affiliate is on the head of the unilevel group, and each affiliate they personally recruit is true beneath them (degree 1) Members of the unilevel group who’re recruited by associates on the degree of the unique are robotically promoted to the subsequent obtainable place. In concept, there are an countless variety of layers of associates that may be created if associates at degree 2 recruit associates at degree 3, and so forth. The utmost variety of payable unilevel group ranges is twenty for Intelligence Prime Capital.

As a share of every day returns, residual commissions are paid out in keeping with rank: On degree 1, leaders obtain a 30% bonus (personally recruited associates) Supervisors make 30% on degree 1 and 20% on degree 2 of their subordinates’ salaries. Degree one senior managers obtain 30%, degree two managers get 20%, and degree three managers earn 10%. These in control of departments get 30 % on degree 1, 20 % on degree 2, 10 % on degree 3, and 5 % on ranges 4 by means of 6. 30 % on degree one, 20 % on degree two, ten % on degree three, a fifth of a share level on ranges 4 by means of six, and three % on ranges seven by means of 9. Administrators earn 30% on degree 1, 20% on degree 2, 10% on degree 3, 5% on ranges 4–6, 3% on ranges 7–9, and a couple of% on ranges 10–14 of their compensation. Earnings for Shareholder Administrators are distributed as follows: 30% for the primary degree, 20% for degree 2, 10% for degree 3, 5% for ranges 4–6, 3% for ranges 7–9, 2% for ranges 10–14, and 1% for ranges 15–20. To turn into a member of IPCapital’s associates program, you need to pay a month-to-month charge: SMART Bot – $19.90 $39,90.00 for Good Bot $99,90 for Genius Bot Paying extra in month-to-month charges will increase an affiliate’s incomes potential.

In keeping with Intelligence Prime Capital’s IPCapital conclusion, the agency derives income from overseas trade buying and selling. “It has taken the IPCapital group years of analysis and growth to create our personal distinctive AI evaluation engine utilizing essentially the most cutting-edge market know-how. Utilizing our IPC AIA BOT system, you can customise your buying and selling strategies to fit your particular buying and selling fashion and obtain a mean profitable share of 97 %.”

In gentle of the truth that Intelligence Prime Capital was solely based a number of months in the past, the maths doesn’t work up. Intelligence Prime Capital has month-to-month returns as excessive as 45%. They would not be promoting entry for $99.90 if that was even probably doable after “years of significant analysis.” What is the level of promoting entry within the first place? You may retire with Jeff Bezos’ cash in a 12 months in the event you discreetly run the bot.

Intelligence Prime Capital doesn’t have any verifiable proof that it earns overseas income. Of their backoffice, associates are given the standard “proof of trades” information. Monetary stories that haven’t been audited can’t be used as an alternative. In gentle of this, Intelligence Prime Capital has been accused of securities fraud. Utilizing Intelligence Prime Capital’s MLM alternative to offer a passive funding alternative constitutes a securities providing. Executives (actors or not) and promoters of Intelligence Prime Capital haven’t been registered with monetary regulators. Buying and selling in securities is forbidden in each nation. Intelligence Prime Capital’s advertising supplies embody a FINCEN registration quantity in an try and make the corporate seem credible.

Intelligence Prime Capital LTD, a Colorado shell enterprise, is listed because the proprietor of this registration. The registration with monetary regulators and the audited monetary stories are nonetheless required for correct due diligence. Like the fictional area registration info supplied by Intelligence Prime Capital… For Intelligence Prime Capital LTD, fraudulent info was used to arrange the corporate.

Registration with FINCEN is less complicated than registering with the SEC and submitting monetary stories. Moreover, registering with FINCEN has no bearing on whether or not or not securities rules are being adopted. What is the level of hammering this level residence? As a result of a Ponzi scheme is a foregone conclusion if an MLM commits securities fraud.

As in all MLM Ponzi schemes, new funding will stop when the variety of new associates declines. This can result in Intelligence Prime Capital’s demise on account of an absence of ROI income.

The arithmetic of Ponzi schemes ensures that almost all individuals lose cash once they collapse.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.


Meta Utopia- Crook Review




A few days ago, we put out its review of Meta Utopia.

“Metaverse” MLM crypto Ponzi scheme that isn’t very interesting on its own.

As part of our research, we found a link between Nicholas Coppola and the man who started the Ponzi scheme.

Or rather, he did it through an Instagram story that has since been deleted:

Coppola wasn’t happy about being linked to Meta Utopia in public, it turns out. He only wants to hide the fact that he is a crypto-bro Ponzi scammer.

Today, Nicholas Coppola joins the DMCA Wall of Shame.

Over the past 24 hours, “Dincer Odabasi” from “Copyright Support” has sent us two emails. Nicholas Coppola’s emails were sent on his behalf.

Copyright Support says on its poorly made website that it will

Negative or damaging news that can be found on the Internet and in Google search results should be taken down for good.

In his first email, Odabasi tries to pull the old “right to be forgotten” scam.

“Dear Madam,

Because of the right to be forgotten and because of the privacy clause, we want the content to be blocked.

We tried to get in touch with the website that posted the content, but we didn’t hear back. So, we give you the content and ask you to turn it off.

As everyone knows, according to the first paragraph of Article 9 of Law No. 5651 on the Regulation of Broadcasts Made on the Internet and Combating Crimes Committed Through These Broadcasts, if they can’t get to it, they can send a warning to the hosting provider and ask that the content be taken down.

Again, the second paragraph of the same article says that “the content and/or hosting provider must respond to requests from people who say their personal rights have been violated by the content of an online broadcast within twenty-four hours at the latest.”

We want the case that was filed on our behalf to be taken care of. Because of the European right to be forgotten and the privacy of private life, we have the right to limit access to content.

Please note that we’re asking you to take down the content because we’ve tried to reach the owner but haven’t heard back. That’s why we want and need you to take it down.”

This is a form letter that con artists send out. I know that because Odabasi put the same notice to Amazon from another email about a different website and client (ruhroh GDPR fail) into the body of the email he sent me.

In any case, the “Right to be Forgotten” law in Europe is used by scammers to hide their pasts, no matter how good the lawmakers’ intentions may have been at first.

The Right to be Forgotten is not part of EU law, so we don’t recognise it. Also, it takes four days from the date of publication until a right-to-be-forgotten takedown notice is sent.

Odabasi went on to say that Turkish law had something to do with the US, which was not true.

Due to the Right to be Forgotten and the USA Legal Content Removal Request Pursuant to Law No. 5651, we can’t take down the content we told you about because it’s in the Constitution.

“The Right to be Forgotten and the USA Legal Content Removal Request” is not a thing, even if that sentence makes no sense. It’s not true at all.

Turkey passed Law No. 5651 in the year 2020. It only happens in Turkey and has nothing to do with the United States.

Odabasi sent another email a few hours after the first one. This time, he threatened to take action because of copyright issues.

“We want you to remove any content that reveals personal information about our representative.

If you don’t get rid of the news content, we will file a copyright claim with your hosting company, Google.

I’d like you to put the story away, please.


As our Policy says, we often use “third-party logos and images,” which is allowed by US copyright law through “fair use.”

We don’t need permission from the people who own the rights to the images we use in our MLM news and reviews. Period. 

The DMCA takedown process is being abused when fair use isn’t taken into account and a fake DMCA is filed. Not only will it not work, but the person who submitted it is lying.

Even though it’s clear that Copyright Support doesn’t care about the law, it’s still important to point out their hypocrisy.

Scam businesses like Copyright Support depend on the fact that the publisher or service provider they are after doesn’t know what they are doing.

Nicholas Coppola has publicly linked himself to Meta Utopia and is involved enough to be close to the Ponzi scheme’s founder, who has not yet been named.

It is not against any US law to publish this information with proof attached.

Update, July 2, 2022: Dincer Odabasi is now committing twice as much DMCA fraud as he was before.

Odabasi sent Google a “court order” on June 28 that says the same thing: “It’s against the law to search for scammers!” Stupid, but it also says this:

Based on the privacy clause of private life and the court document we will send you, we want the content to be taken down from publication and blocked from access.”

Odabasi is saying that a Turkish law is a “court document” that keeps scammers from telling the rest of the world. Oh dear.

Continue Reading


Laetitude- Crook Review




Investors such as Laetitutde and Swapoo are circumspect on issues affecting investor wallets and active investments. 

According to a Latitude News report dated August 13th, You have gotten one or two emails from Swapoo in the past several days, which also affects our Laetitude members. 

Due to the continued strong relationship between Swapoo and Laetitude, we can guarantee that these changes will not affect your Laetitude accounts. Latitude will continue to operate as usual.   

The alterations made by Swapoo will have an effect on the wallet and the bots. However, we are aware that wherever there are obstacles and closed doors, new doors will emerge to provide opportunities for greater success. 

Swapoo is merely adjusting to the ever-changing regulatory environment and market situations.

The details of the e-mails sent are kept confidential. I have not encountered any examples in nature. 

Regarding “evolving regulatory landscapes,” Laetitude is a Ponzi scheme operated by Swapoo. 

David El Dib operates Laetitude from Dubai, the center of MLM fraud. Swapoo is run by Dave Martin, who is from the Philippines.El Dib and Martin have both established themselves on the BitClub Network. 

The investigation by the Department of Justice found BitClub Network to be a $722 million Ponzi scheme. The founders of BitClub Network were arrested in 2019. 

El Dib and Martin commit securities fraud and operate their own Ponzi scheme through Laetitude and Swapoo. The regulation of securities is not novel. For decades, every nation with a financial market has regulated securities fraud. 

The Ponzi fraud announced a remedy for lost Swapoo wallets in a follow-up “Laetitude News” post dated August 26;  

As you are likely aware, Laetitude no longer utilizes Swapoo for secure wallet services. As a result, we have recently implemented the ability to fund, purchase, and withdraw directly within Laetitude. 

In light of this, we would like to encourage you to login and withdraw your balance as soon as possible, and to continue withdrawing your balance as your compensation earnings increase. 

Laetitude lacks the two-factor authentication security offered by Swapoo, so it is essential that you protect your account with a formidable password. Again, what is occurring behind the scenes is kept secret. 

The only clue I could locate was a query posted two weeks ago on Swapoo’s most recent Instagram post. 

Swapoo has not published any new social media updates since July 30. This date also marked the last Facebook update posted by Laetitude. 

The lack of visitors to both Laetitude and Swapoo suggests that the Ponzi scheme is running out of money to pay investment withdrawals. 

The Philippine Securities and Exchange Commission is one of the most active securities regulators worldwide.

It is unclear whether they have anything to do with Swapoo’s issues.  

Whatever else is occurring, it is rare for wallets to be abruptly shut off and placed up as unsecured in-house assets. 

Keep up to date on any future developments.

Continue Reading


GSPartners- Crook Review




GSPartners has dropped its claim of harassment against Chris Saunders. Saunders is the owner and operator of the YouTube channel Grit Grind Gold, which he uses to critique and report on the GSPartners Ponzi scheme. 

In late January 2021, Saunders was sued for harassment by owner Josip Heit and promoters Michael Dalcoe and Antonio (Tony) Euclides Menesis De Gouveia. 

Heit and the GSPartners Plaintiffs alleged that Sunders’ videos about the Ponzi scheme were defamatory. 

Additionally, Heit took offense when Saunders pointed out his position in Karatbars International’s collapsed KBC Ponzi scheme.  

GSB Gold Standard Corporation AG, Josip Heit, Michael Dalcoe, and Tony De Gouveia submitted a dismissal stipulation on July 29.  

Christopher Saunders, the defendant, executed a declaration in connection with the aforementioned case on July 29, 2022. 

Plaintiffs GSB Gold Standard Corporation AG, Josip Heit, Antonio Euclides Menesis De Gouveia, and Michael Dalcoe, by counsel and with the signature and agreement of counsel for Defendant Christopher Saunders, stipulate to the dismissal without prejudice of all claims in this matter pursuant to the Saunders’ Declaration.

The aforementioned stipulation from Saunders proves that he was granted permission. 

Mr. Ovidu Toma in relation to the Plaintiffs’ assertions and declarations. Since January 2020, Mr. Ovidu Toma has provided me with evidence of Mr. Harald Seiz’s alleged involvement in Karatbars’ wrongful conduct.   

“Ovidu Toma” refers to Ovidiu Toma, the former Chief Technology Officer of Karatbars International. 

Today, Toma serves as the CEO of CryptoData. Romania-based CryptoData sells encryption hardware. 

To return to Saunder’s assertion: I was aware, based on first-hand knowledge of facts and documents, that any alleged wrongdoing committed by Karatbars in relation to its Miami crypto bank and the issuance of KBC/KBC tokens was committed by Karatbars’ CEO, Mr. Harald Seiz, and that said wrongdoing was committed prior to any affiliation between Karatbars and GSB/Mr. Heit.

This is an odd concession to provide. Heit was the public face of Karatbars’ initial excursion into crypto-asset fraud. In an April 2019 interview, Seiz is referred to as a “major investor and board member” of Karatbars International. In Dubai, Karatbars was selling a “blockchain phone” at the time. When challenged about his remarks on the occasion, he responded, and I quote, ” You mentioned the KBC coin.

You stated that it is probable that it is one kilogram of gold. Is this truly a possibility? Heit reacted. Yes, of course it’s feasible. Nobody believes that many individuals perceive, at the appropriate moment, that they can join us.  

We currently have a market valuation of approximately $300 million as of the previous week or two weeks. And now there are about a billion of us.   

Is it not yet understood?  

And when the mainnet is implemented, which will occur very soon, within a few months we will have a market capitalization of over $200 billion. After months of Heit and Seiz promoting Karatbars’ KBC, the KBC Ponzi coin dropped 62% following the hype event on July 4, 2019. 

Heit, not Harald Seiz, was sent to address and explain the collapse to irate investors. KBC continued to leak throughout the subsequent months until it was eventually abandoned.

Heit had cashed out, left Karatbars, and launched his own Ponzi offshoot, GSPartners, before the end of 2019. The GSPartners Ponzi coins have performed no better than those of KBC.

G999 is supported by wash trading, which I believe is steadily depleting GSPartners’ second Ponzi scheme, LYS. G999 is being washed at approximately 0.002413. At $66.78, LYS continues to drain. 

GEUR was launched earlier this month as a result of the continuous failure of G999 and LYS to take off. GSPartners and Heit symbolize the euro-pegged GEUR currency. It is thought that GEUR was developed because GSPartners investors no longer desired to hold G999 and LYS. 

GEUR does not exist outside of GSPartners as of the publication date. GSPartners uses GEUR to support its most recent 300% ROI Ponzi scheme, metaverse certificates. 

In the event that GSPartners and Saunders achieved a settlement, it has not been made public. Other than wrongly saying that Heit was not involved in the Karatbars KBC scam, Saunders has not recanted any of his GSPartners-related statements.  

The court authorized the GSPartners plaintiff’s Stipulation of Dismissal on August 2nd. This concludes GSPartner’s harassment lawsuit against Saunders.

Continue Reading


Copyright © 2022 CrooksDirectory.